About 250,000 Hangzhou residents aged over 80 will be covered by accident insurance for free starting July 1. The new policy will benefit seniors who are poor, childless and handicapped.
The city has 1.42 million residents aged over 60. Those who retired between ages of 50 and 59 can buy accident insurance policies for as low as 20 yuan (US$3.27) to enjoy claims up to 50,000 yuan. Each person can buy no more than five policies.
Source: Hangzhou International Center